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Fukushima Is Worse For The Nuclear Industry Than Chernobyl

 
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An Inspector Calls
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Joined: 27 Jan 2011
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PostPosted: Mon Apr 11, 2011 10:18 am    Post subject: Fukushima Is Worse For The Nuclear Industry Than Chernobyl Reply with quote

http://www.thegwpf.org/uk-news/2762-ubs-fukushima-is-worse-for-the-nuclear-industry-than-chernobyl.html

This is in response to an assessment by UBS. The reference is not the actual assessment.

The report was discussed on (the usually feeble) BBC's Broadcasting House yesterday between a representative from UBS, Sir David King and Philip Hammond. It's probably available on iPlayer.

UBS's opinion was along the lines of the linked report, quantified as a trebling of the price of nuclear build as a result of Fukushima. And investors would, quite rightly, require greater returns on any nuclear investment because of their perception of increased risk. he thought it was likely that EdF would go ahead, but that other players might not. And the UK would struggle to achieve its planned build by 2020 - 2030 was more likely.

David King thought the price hike predticted by UBS was unlikely; he sees the import of Fukushima as having little impact upon any UK designs other than on secondary response systems, and support in depth. There would be some cost increase, perhaps as high as three in some areas of the build, but this multiplier was likely to apply to a small fraction of the build cost.

Hammond was less commital to any suggestion, either way, of cost increases. He looked forward to the two nuclear reviews in preparation (first to be published in May) as a method of helping to decide the was forward.

All of which seems a sound, sensible approach to me, a decision based upon a consideration of safety and economics. There was a pleasing absence of Greenpeace and FoE loonies giving us the 'benefit' of their energy strategies.


Last edited by An Inspector Calls on Mon Apr 11, 2011 2:30 pm; edited 1 time in total
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Mark



Joined: 13 Dec 2007
Posts: 883
Location: NW England

PostPosted: Mon Apr 11, 2011 1:03 pm    Post subject: Reply with quote

The HSE is producing a report on the implications for the UK nuclear industry on the events at Fukushima.

They are inviting comment on:
* What you know or understand about the facts surrounding the events in Japan
* What you draw from these facts about the lessons that might be learnt to enhance the safety of nuclear facilities in the UK or any prospective new nuclear power stations.

Invitation to submit information on the implications of the Fukushima nuclear accident:
http://www.hse.gov.uk/nuclear/fukushima/invitiation-040411.htm?ebul=hsegen&cr=7/11-apr-11
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